Temasek joins Impossible Foods' US$300m Series E funding round
The startup’s sales in Asia, including Singapore, have risen more than three-fold since March 2019.
California-based foodtech startup Impossible Foods raised US$300m in its Series E funding round led by Temasek Holdings and Horizons Ventures, an announcement revealed. In total, the startup has raised more than US$750m.
In addition to blue-chip institutional investors, the Series E round included celebrity investors like Jay Brown, Paul George, Jay-Z, Serena Williams, and Katy Perry.
According to the firm, the latest funding round comes amidst unprecedented demand for its ﬂagship product, the plant-based Impossible Burger, which debuted in 2016.
Since launching in Singapore in March 2019, sales in Asia have increased more than threefold as it benefited from strong sales from a wide range of restaurants and cuisines in Hong Kong and Macau.
Impossible Foods plans to launch the Impossible Burger in retail outlets later this year.